- Print ISBN 9780444536341
- Electronic ISBN 9780444536358
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view.
Graduate students and professors worldwide working in all subdisciplines of economics and finance.
Section 1. Overview
1. An introduction to CGE modeling
Peter B. Dixon and Dale W. Jorgenson
Section 2. Single-Country CGE Projects
2. The MONASH style of CGE modeling: a framework for hisorical, decomposition, forecast and policy simulations
Peter B. Dixon, Robert B. Koopman and Maureen T. Rimmer
3. CGE assessments of fiscal sustainability in Norway
4. MAMS - a Computable General Equilibrium Model for Developing Country Strategy Analysis
Hans Lofgren, Martin Cicowiez and Carolina Diaz-Bonilla
5. The contribution of CGE modeling to policy formulation in developing countries
Sherman Robinson and Shantayanan Devarajan
6. Putting services and foreign direct investment into CGE models: reflections on the use of CGE models in policy discussions
7. Regional CGE Modeling
John R. Madden and James A. Giesecke
8. IGEM: a model of U.S. economic growth and the environment
Dale W. Jorgenson, Peter Wilcoxen and Mun Ho
9. Energy and Environment Modeling in Australia
Philip D. Adams and Brian R. Parmenter
10. Tax reform, the cost of capital, and U.S. economic growth
Dale W. Jorgenson and Kun-Young Yun
11. Dynamic overlapping generations computational general equilibrium models and the analysis of tax policy
John W. Diamond and George R. Zodrow
Section 3. Global CGE Projects
12. Applied General Equilibrium Analysis using the GTAP Framework
13. Estimating effects of price-distorting policies using alternative distortions databases
"The chapters in this volume address many of the most challenging economic policy issues facing both developed and developing countries and regions. The book is required reading for anyone wishing to understand the power and range of computable general equilibrium modelling as an input to strategy analysis and policy making."
--Larry Dwyer, University of New South Wales
"The rich CGE applications presented in this volume show that CGE modeling is a vital tool for policy analysis. These chapters will be valuable resources for students and scholars who are interested in new insights and developments."
--Jian Xie, The World Bank
"This volume is a clearly written, comprehensive review of the state of the art in CGE modeling, and will be of great value both to those who do CGE modeling and those who use CGE model results for policy analysis and evaluation."
--David G. Abler, Pennsylvania State University